How Much Is Your Mortgage For And How Long Do You Have Left To Pay It Off?

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How Much Is Your Mortgage For And How Long Do You Have Left To Pay It Off?

LauraT2009 Rep Points: 1,095

Posted on March 29, 2009 at 4:57 pm

I have a pretty big mortgage of £113k to run over 27 years and three months. This is rather big as I live alone and pay my mortgage off by myself. I do worry about it especially if interest rates were set to soar in the next decade or so as it would perhaps become harder to keep up with payments

beautyqueen26 Rep Points: 6,185

Posted on March 29, 2009 at 10:12 pm

I don't have a mortgage, cause I can't afford one. But maybe one day I will take the plunge. Best of luck with your mortgage.

di1159 Rep Points: 540

Posted on April 1, 2009 at 7:37 pm

We bought our house several years ago with a 30 year mortgage. Then back in 2002 we refinanced it at a lower rate, but at a 15 year term which would end in 2017. Since then, we've still been able to send extra principal and now we only have 4 years to finish. We will have taken 4 years off the 15 year term by sending in a bit more each month. I can't wait!